S&P Global Ratings assigned its 'AA+ (sf)' rating to Freddie Mac 's anticipated $335.2 million series 2026-ML-34 class A-US and class A-USM multifamily ML structured pass-through certificates (SPCs) sustainability bonds. The outlook is stable. This transaction securitizes a pool of 14 underlying tax-exempt loans (TELs) whose proceeds financed 14 multifamily affordable housing properties using 4% low-income housing tax credits. The underlying certificates that back the series ML-34 SPCs represent ownership of the 14 underlying TELs, and the underlying certificates and SPCs have credit enhancement in the form of a Freddie Mac guarantee. The guarantee provides that in the case of insufficient funds to make principal or interest payments on the SPCs, Freddie Mac will make: Any interest payments due on
